So I think it has finally clicked…I tried an iron condor on the NQ today from about 1-4 and It was a success! Finally! Now I’m starting to like flat markets! lol! I have a couple questions though.
I was thinking about aiming to place an IC during the night from like 11 - 3am, and 3 - 8am. Is that the best time? Im guessing it is for the NQ, ES, and the Dow because they are closed. I am also guessing that the best way to figure out the most successful trade would be to analyze the trend of the markets from closing, choppy, up, down, etc… and calculate the most likely place it will end up during that set amount of time.
Attached is a screen shot of the trade earlier. I used Darrel’s webinar as a guide to see me through the trade once I finally understood the concepts 100%. I drew the 3 lines of where i bought and sold. I closed the trades an hour before expiry time and made bout $85 pretty much just collecting premium.
